Hogs Push Higher on Friday to Close the Week with | U.S. Finance News
Lean hog futures posted beneficial properties of 32 to 75 cents throughout the entrance months on Friday, with October up $3.825 this week. USDA’s national base hog report confirmed negotiated costs at $104.91, down $3.28 from the day prior. The CME Lean Hog Index was down 20 cents on August 27 at $106.43. The market might be closed on Monday due to the Labor Day vacation, with a regular open for the Tuesday session.The Friday afternoon Commitment of Traders report confirmed speculators including 8,274 contracts to their internet long place and lean hog futures and choices as of Tuesday. By August twenty sixth, that internet long was 114,042 contracts.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. USDA’s FOB plant pork cutout report from Friday morning was up $2.83 at $114.32 per cwt. The butt was the solely primal reported decrease. USDA estimated hog slaughter for the weekly whole at 2.391 million head. That was 19,000 head beneath final week and down 36,648 head from the similar week final 12 months.Oct 25 Hogs closed at $95.025, up $0.750,Dec 25 Hogs closed at $87.400, up $0.425Feb 26 Hogs closed at $89.625, up $0.325,
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Austin Schroeder
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